pages cm

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Companion volume to: Principles of macroeconomics / Edwin Mansfield. 4th ed. c1983

I. Economics and the American economy. The invisible hand of free enterprise / Adam Smith -- The price system / W. Allen Wallis -- The economic organization of a P.O.W. camp / R.A. Radford -- Capitalism : an irrational system / Paul Baran and Paul Sweezy -- The future of capitalism / Robert L. Heilbroner -- Our blend of democracy and capitalism : it works, but is in danger -- The government of the economy / George J. Stiger -- The economic role of private activity / Paul A. Samuelson -- Proposition 13 and its aftermath / Anita A. Summers -- II. Unemployment, national output, and fiscal policy. The Employment Act of 1946 : background and impact / Council of Economic Advisers -- "The Great Depression" / Fortune -- Fiscal policy and economic stabilization / Joseph Pechman -- Deficit, deficit, who's got the deficit? / James Tobin -- Economic forecasting and science / Paul A. Samuelson -- The explosion of economic information / Walter S. Salant

III. Money and monetary policy. Monetary vs. fiscal policy / Milton Friedman -- Is monetary policy being oversold? / Walter W. Heller -- Fiscal and monetary policy : an eclectic analysis / Arthgur M. Okun -- A critique of U.S. monetary policies / Carl Christ -- Quick-fix economics : a look at the issues / Roger Guffy -- Open-market operations : a case study / Federal Reserve Bank of New York -- Rational expectations : fresh ideas that challenge some established views of policy making / Clarence Nelson -- Financial innovation and monetary policy / Lyle E. Gramley -- IV. Inflation and anit-infationary policies. Inflation / Congressional Budget Office -- The nature of the inflation process / Council of Economic Advisers -- The intelligent citizen's guide to inflation / Robert M. Solow -- The inflationary bias in our economy / Arthur F. Burns -- Federal deficits in perspective / Council of Economic Advisers -- Indexation : a reasonable response to inflation / Brian Horrigan

V. Economic growth, productivity, and energy problems. The case against economic growth / E.J. Mishan -- The limits to growth / Donella Meadows [and others] -- Is the end of the world at hand? / Robert M. Solow -- The principle of population / Thomas Malthus -- Contribution of research and development to economic growth in the United States / Edwin Mansfield -- Policies to promote economic growth / President's Commission for a National Agenda for the Eighties -- A personal consumption tax : can it break the capital fomation deadlock? / Laurence S. Seidman -- Should the federal government subsidize synthetic fuels? / Robert S. Pindyck -- Energy future / Robert Stobaugh and Daneil Yergin

VI. International trade, finance, and the less developed countries. How has the world economy changed since 1929? / Walter S. Salant -- America's competitive position in world trade / Hendrick S. Houthakker -- Technology and world trade / Richard Cooper -- The multinational firm and imperialism / Paul A. Baran -- International technology transfer / Edwin Mansfield -- The new protectionism / Walter Adams -- The current case for import limitations / Irving Kravis -- The case for flexible exchange rates / Milton Friedman -- The case for fixed exchange rates / Barbara Ward -- The less-developed countries : observations and implications

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